Sunday, November 6, 2011

PepsiCo swaps China bottling ops for Tingyi stake (AP)

AP - PepsiCo Inc. has agreed to swap its holdings in its mainland China bottling operations for a stake in the beverage business of Tingyi Holding Corp., aiming to beef up its distribution in the fast-growing Chinese market.

Source: http://us.rd.yahoo.com/dailynews/rss/china/*http://news.yahoo.com/s/ap/20111104/ap_on_bi_ge/as_china_pepsi

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